Unity Software Inc. (NYSE:U) Position Trimmed by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. lessened its stake in Unity Software Inc. (NYSE:U - Free Report) by 31.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,100 shares of the company's stock after selling 99,300 shares during the quarter. Unity Software accounts for 1.4% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 12th largest position. FengHe Fund Management Pte. Ltd. owned approximately 0.05% of Unity Software worth $4,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in U. R Squared Ltd acquired a new stake in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. grew its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the 3rd quarter valued at about $34,000. GAMMA Investing LLC grew its stake in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Unity Software in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Trading Up 30.2 %

U stock traded up $6.49 during midday trading on Thursday, reaching $27.96. 64,027,700 shares of the company's stock traded hands, compared to its average volume of 10,883,260. The company has a market capitalization of $11.26 billion, a P/E ratio of -13.70 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $33.43. The business has a 50-day moving average price of $22.42 and a two-hundred day moving average price of $20.94.

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Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. Equities research analysts forecast that Unity Software Inc. will post -1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on U. Morgan Stanley increased their price objective on shares of Unity Software from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. UBS Group lifted their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and set a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Wells Fargo & Company started coverage on shares of Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 price target for the company. Finally, Needham & Company LLC lifted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Hold" and an average target price of $22.81.

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the sale, the chief accounting officer now owns 450,881 shares in the company, valued at approximately $9,775,100.08. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares of the company's stock, valued at approximately $10,751,462.80. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 679,264 shares of company stock valued at $16,612,383. Corporate insiders own 6.30% of the company's stock.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.